How to Deal with the Ever-Evolving Threat Management Issues
Cyber threat management identifies, assesses, prioritizes, and mitigates cyber risks to an organization’s information assets, infrastructure, and technology systems. It is an essential part of a cybersecurity strategy since cyber threats are constantly evolving and becoming more sophisticated. A cyber threat can come from various sources, such as malicious insiders, cybercriminals, hacktivists, and state-sponsored hackers. Luke Irwin at IT Governance covers threat management issues, best practices, and solutions in this article.
Threat Management Challenges
Cyber threats can target any part of an organization, from its employees to its technology systems. This can result in various types of attacks, such as malware, phishing, denial-of-service (DoS) attacks, and data breaches. An organization can save more than $1 million (about £720,000) by containing a breach within 30 days, compared to one that takes longer, per a Ponemon Institute analysis.
Organizations must have complete visibility of their threat landscape, including internal and external risks, to ensure there are no blind spots in their information security processes. Siloed processes, lack of integration, and undefined procedures can cause a lack of visibility.An effective cyber threat management system should track KPIs such as MTTD (mean time to detect a risk) and MTTR (mean time to respond). Additionally, you must monitor return on investment to detect and respond to security risks. Reporting and analyzing data can be challenging due to the need for a large data sample size. The limited frequency of analysis and lack of actionable insights due to disruptions and changing threat landscapes can elevate risk exposure.A cyber security skills shortage persists, with many organizations lacking qualified staff members. Finding and retaining qualified talent is challenging due to high demand and the ability of experts to demand generous salaries and career growth opportunities. Organizations unable to provide these opportunities may be left behind.
Best Practices to Manage Risks
Effective cyber threat management requires both technology and people/processes to address the complete threat lifecycle. Data flow maps provide insight into an organization’s sensitive assets and resources. Threat detection tools and logging help promptly detect suspicious activity. An incident response plan should be in place to enable swift action during security incidents. Organizations must also consider cyber resilience and business continuity planning for recovery activities.
To read the original article, click on https://www.itgovernance.co.uk/blog/what-is-cyber-threat-management
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